Why Yearn.Finance Surged 21% in 1 Day Amid Strong DeFi Resurgence
Yearn.finance (YFI), the darling of the decentralized finance (DeFi) market, has surged 21% on the day. It is continuing to show strong momentum following a DeFi marketwide resurgence. There are several reasons behind the recovery of YFI. First, the project has announced major product updates and partnerships. Second, the DeFi market’s rebound is causing major […]
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Yearn.finance (YFI) underwent a strong bounce on Friday after the coin hit multi-week lows of $9,800. The cryptocurrency surged around 20% from $9,800 to $11,900 over the span of eight hours. But unfortunately for buyers of the cryptocurrency, it has continued to decline. Yearn.finance’s governance token currently trades for $10,500, failing to hold the aforementioned […]
Yearn.Finance closed last week with a strong rebound that left DeFi investors hopeful a bottom was in. However, from this weekend’s high notes set on Friday and Saturday night, YFI has fallen over 20% and is now at risk of an even deeper decline. Here’s why. Yearn.Finance Falls Over 20% From Weekend High Hangover Due […]
Earlier this week, DeFi yield aggregator Yearn Finance released its financial report for the first quarter. According to the quarterly report uploaded on GitHub by the team, Yearn hit record earnings — far surpassing what the platform had generated in the entirety of 2020. More precisely, Yearn’s first quarter adjusted EBITDA stood at $4.886 million, […]
Yearn.finance (YFI) price surged by 58% in the last few days as three key factors suggest investors expect further upside. In the past 72 hours, Yearn.finance (YFI) surged by 58% after dropping to as low as $12,260 at a few exchanges. Three factors that may have catalyzed the sharp rebound are: YFI had become deeply oversold, lead developer Andre Cronje’s deep commitment to the project and the ever expanding use cases for YFI within a large ecosystem.YFI was deeply oversoldOver the past month DeFi tokens endured a brutal correction which saw the value of many DeFi tokens drop by 40%-70%.....
Yearn Finance beat Bitcoin in the race to claim $20,000 all over again. The protocol’s governance token YFI surged to $20,770 during the early Tuesday trading session. Its move upward brought the price up by 178.42 percent from its early-November nadir, confirming the beginning of a strong rebound that followed an 83 percent crash. Yearn […]